Sec. 51.051. FILING OF DISCLOSURE STATEMENTS AND LIST OF SELLERS. Before a sale or offer for sale, including advertising, of a business opportunity, the principal seller must register the business opportunity with the secretary of state by filing:
(1) a copy of the disclosure statement required by Subchapter D, except as provided by Section 51.053; and
(2) a list of the name and resident address of any individual who sells or will sell the business opportunity for the principal seller.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.
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